The Senior Citizens League is projecting that Social Security’s cost-of-living adjustment for 2027 will be 3.8%, which would push the average monthly benefit above $2,000 for the first time.[2][5]
If the estimate holds, the average Social Security check would rise from $1,937.53 to $2,011.15, an increase of $73.62 a month.[5] The forecast is based on recent consumer price index data, inflation trends, Federal Reserve policy and unemployment figures, according to the group.[1][5]
A 3.8% increase would be one percentage point higher than the 2.8% COLA beneficiaries received this year, and it would rank as the 17th-highest COLA since automatic inflation indexing began in 1977.[2][4] The increase would also apply to Supplemental Security Income, which is paid by the Social Security Administration.[5][8]
The final COLA will not be set until the September consumer price index is released, and the Social Security Administration typically announces the official adjustment in mid-October.[5] About 70 million Social Security and SSI beneficiaries would be affected by the final figure.[5]
